Shein’s pricing rollout has landed, and the HKEX record of the fast-fashion giant is officially underway.
Shein International Holding Ltd. (incorporated in the Cayman Islands, stock code 00625.HK) today launched its global offering. It plans to issue approximately 279,992.5 thousand Class B shares, including 27,999,300 shares for the Hong Kong offering and 251,993,200 shares for the international offering, with an additional 15% over-allotment option, up to 41.9985 million shares. The offer price range has been set at HK$47.60 to HK$49.50 per share, with a maximum offer price of HK$49.50, plus 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% SFC Financial Services Agency transaction levy, and 0.00565% Exchange Trading Fee. Each board lot consists of 100 shares, with an entrance fee of HK$4,999.92. Based on the offer price, the total proceeds are estimated at approximately HK$13.328 billion to HK$13.860 billion, representing an issuance ratio of 6.59%. The market capitalization at listing is estimated at about HK$202.119 billion to HK$210.187 billion.
The underwriting lineup is impressive: Goldman Sachs, Morgan Stanley, and JPMorgan Chase serve as joint sponsors and overall coordinators. Cathay Haitong and UBS Group serve as overall coordinators. BofA Securities, Santander Bank, and Hua Mei Bank serve as joint bookrunners, while the stabilizing price agent is Goldman Sachs.
The Hong Kong public offering officially begins at 9:00 a.m. on August 24 and the shares will be listed on September 1.
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Shein International Holding Ltd. (incorporated in the Cayman Islands, stock code 00625.HK) today launched its global offering. It plans to issue approximately 279,992.5 thousand Class B shares, including 27,999,300 shares for the Hong Kong offering and 251,993,200 shares for the international offering, with an additional 15% over-allotment option, up to 41.9985 million shares. The offer price range has been set at HK$47.60 to HK$49.50 per share, with a maximum offer price of HK$49.50, plus 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% SFC Financial Services Agency transaction levy, and 0.00565% Exchange Trading Fee. Each board lot consists of 100 shares, with an entrance fee of HK$4,999.92. Based on the offer price, the total proceeds are estimated at approximately HK$13.328 billion to HK$13.860 billion, representing an issuance ratio of 6.59%. The market capitalization at listing is estimated at about HK$202.119 billion to HK$210.187 billion.
The underwriting lineup is impressive: Goldman Sachs, Morgan Stanley, and JPMorgan Chase serve as joint sponsors and overall coordinators. Cathay Haitong and UBS Group serve as overall coordinators. BofA Securities, Santander Bank, and Hua Mei Bank serve as joint bookrunners, while the stabilizing price agent is Goldman Sachs.
The Hong Kong public offering officially begins at 9:00 a.m. on August 24 and the shares will be listed on September 1.
#FollowForFollow# #FansWillBeReplied#